Shares of Public Sector Undertaking (PSU) banks saw a sharp increase of up to 13% ahead of the Reserve Bank of India's (RBI) upcoming monetary policy meeting. The Central Bank is expected to take a dovish stance, resulting in a decline in bond yields and higher investor interest. Indian Overseas Bank was the top gainer with a 13% increase, followed by other PSU banks such as Uco Bank, Canara Bank.

Shares of Yes Bank saw a significant increase of 23% over the past two days after RBI allowed HDFC Bank to acquire up to 9.50% of Yes Bank's share capital or voting rights. The stock reached a 52-week high and has been consistently rising since December, with net interest income growing by 2.4% and provisions dropping sharply. Despite a slight decline in pre-provision operating profit.

Investors are often drawn to undervalued stocks priced below Rs 100 in search of higher potential returns. These stocks, while not always in the spotlight, offer a range of opportunities for savvy investors to capitalize on. By carefully considering these overlooked or discounted stocks, investors can uncover promising investments that may be ignored by others.

In 2023, Freshworks saw a 20% increase in revenue from operations, reaching $596.4 million driven by strong performance and use of AI technology. The company also achieved an annual recurring revenue of over $500 million and its non-GAAP profit increased to $44.5 million compared to a loss in the previous year. Despite competition from Zoho, which reported a 30% year-on-year growth in revenue.

Motor insurance goes beyond just protecting against road accidents. Comprehensive coverage includes damages from theft, natural disasters, and more. Add-ons like round-the-clock roadside assistance, engine protection, zero-depreciation, consumables, and return to invoice covers provide specialized coverage and can save policyholders money in the long run.

The Tata Group, India's oldest conglomerate, reached a market value of over ₹30 lakh crore for the first time on Tuesday. This was driven by a rise in shares of Tata Consultancy Services (TCS), which recently won a new outsourcing deal. Other group companies, including Tata Motors and Titan, have also seen impressive stock gains. The Adani Group, which faced a significant downturn last year.

Tata Consumer Ltd is expected to see single-digit revenue growth in Q3FY24 due to weak volumes in its tea business, but a strong increase in net profit. EBITDA margin is set to expand and the domestic tea business is expected to grow slightly in volume and value. The company's India foods and NourishCo businesses are forecasted to see significant growth.

Paying the home loan early can save borrowers money and reduce their overall interest costs. This is because in the initial years, a larger portion of EMIs goes towards paying the interest, but as time goes by, more goes towards principal repayment. Financial advisors suggest strategies like using annual bonuses and increasing EMIs every year to prepay the loan faster.

GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Wednesday. Here is all you need to know before the market opens. GIFT Nifty traded up by 117.50 points or 0.53% at 22,122 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Wednesday. Previously, on Tuesday, the NSE Nifty 50 gained 157.70 points.

High frequency trading firms on February 6 zoomed in on Sakthi Sugars, Shriram Properties, and FCS Software, making money rapidly by flipping trades in seconds. Shriram Properties touched a 52-week high during the day. High-frequency trading firms (HTFs) – or algo firms on steroids –use complex algorithms and powerful computers to execute trades at lightning speeds.

Reported Standalone quarterly numbers for Integra Engineering India are: Net Sales at Rs 40.44 crore in December 2023 up 9.64% from Rs. 36.88 crore in December 2022. Quarterly Net Profit at Rs. 4.19 crore in December 2023 down 54.06% from Rs. 9.12 crore in December 2022. EBITDA stands at Rs. 7.60 crore in December 2023 up 9.35% from Rs. 6.95 crore in December 2022.

India is expected to be the largest driver of global oil demand growth between 2023 and 2030, narrowly taking the lead from top importer China, the International Energy Agency (IEA) said on Wednesday. The world's third-largest oil importer and consumer is on track to post an oil demand increase of almost 1.2 million barrels per day (bpd), accounting for more than one-third of the projected.

Reported Standalone quarterly numbers for GIC Housing Finance are: Net Sales at Rs 261.11 crore in December 2023 down 7.02% from Rs. 280.81 crore in December 2022. Quarterly Net Profit at Rs. 35.60 crore in December 2023 down 45.57% from Rs. 65.41 crore in December 2022. EBITDA stands at Rs. 221.92 crore in December 2023 down 17.34% from Rs. 268.46 crore in December 2022.

Reported Standalone quarterly numbers for Vakrangee are: Net Sales at Rs 45.14 crore in December 2023 down 81.46% from Rs. 243.47 crore in December 2022. Quarterly Net Profit at Rs. 1.62 crore in December 2023 up 8544.39% from Rs. 0.02 crore in December 2022. EBITDA stands at Rs. 7.16 crore in December 2023 up 45.82% from Rs. 4.91 crore in December 2022.

Citizen Infoline reported standalone quarterly results for the period ending December 2023. Net sales increased by 19.24% to Rs. 1.30 crore compared to the same period in 2022. However, there was a significant decrease in net profit and EBITDA, with EPS dropping from Rs. 0.06 to Rs. 0.02. The company's stock price closed at 27.56 on February 06, 2024.